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Jlenok [28]
3 years ago
6

In a particular​ department, 8,200 units were started and all but 800 were completed at the end of the period. These 800 were​ 7

0% complete for materials and​ 30% for conversion costs. Costs added were​ $55,400 for materials and​ $52,100 for conversion costs. What is the total number of equivalent units for direct​ materials?
Business
1 answer:
myrzilka [38]3 years ago
7 0

Answer:

Equivalent units for direct materials 8,020

Explanation:

To calculate the problem, consider the following information.

Units completed during the year (8200-800) 7,400

+ Ending Work in Process (800*80%) 620

--------------------------------------------

Equivalent units for direct materials 8,020

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Biltz Company uses a predetermined overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. During
Fiesta28 [93]

Answer:

manufacturing overhead underallocated for the year $124,102.4

Explanation:

\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate

we distribute the expecte rate over the cost dirver

582,100 / 135,000 = 4.3185

150400 x 4.3185 = 649502.4 applied overhead

applied - actual = over or underappied

if actual > applied = underapplied

if actual < applied = overhead

525,400 - 649,502.4 = -124,102.4

3 0
3 years ago
The aim of​ _____________ is to produce high customer equity​, the total combined customer lifetime values of all of the​ compan
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3 years ago
Moira Company has just finished its first year of operations and must decide which method to use for adjusting inventory account
Scrat [10]

Answer:

The Cost of good sold will decrease by 10,000

The other accounts balance will be the same.

<em>Missing Information:</em>

Ending balances in the relevant accounts were:

Work-in-Process            40,000

Finished Goods             80,000

Cost of Goods Sold     680,000

Explanation:

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Then, as the actual overhead was 425,000 we have to adjust for the over-applied overehad. We applied more than it cost so we have to reduce it.

435,000 - 425,000 = 10,000

<u>We will decrease our COGS against the factory overhead account.</u>

COGS 10,000 debit

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8 0
3 years ago
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5 0
3 years ago
Read 2 more answers
In most cases, what is the most expensive promotion tool?
REY [17]

Answer: (B) Personal selling

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Therefore, Option (B) is correct.

6 0
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